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Eldercare
Reply to "Aging parents - what am I looking at financially?"
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[quote=Anonymous]Sadly, we all save for retirement with dreams, but it ends up going to nursing home/assisted living. Your parents will pay out of pocket until they run out of money. Then either you pay, or Medicare/medicaid pays. This is how it works now, but with cuts it may not be an option. In order to try to protect some of the estate, I care for my parents myself and they are in their home. But that means I give up the opportunity to work full time. 5/7 caregivers we’ve hired have robbed or exploited my parents financially, to the extent two are prison. Money will never be recovered. I tend not to use caregivers. [/quote]
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